MOORE STEPHENS, P. C. Certified Public Accountants May 10, 2005 Office of the Chief Accountant Securities and Exchange Commision 450 Fifth Street, N.W. Washington, D.C. 20549 Dear Sir/Madam: We have read Item 4.02 included in Form 8-K dated May 6, 2005 of Transax International Limited and are in agreement with the statements contained therein. Very truly yours, By: /s/ Moore Stephens, P.C. Moore Stephens, P.C. 		NEW TORK OFFICE 708 THIRD AVE., NEW YORK, NY 10017-4109 		 TEL 212 682-1234 FAX 212-687-8846 WWW.MOORE-CPA.COM 	 Member of the American Institute of Certified Public Accountants 			 SEC and Private Companies Sections